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news
Joined: 14 Jul 2007
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Location: Greater Boston
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JCK
Joined: 15 Feb 2007
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 Posted: Mon Dec 03, 2007 2:17 pm GMT Post subject: |
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Great; more brain-dead reporting. The Boston Metro is a top 10 market, of course it's going to be harder hit in absolute dollars than, say, Harrisburg PA. NYC is number one; does that mean NYC is going to be hit harder than anywhere else? Somehow, I doubt it.
I'd like to see a per capita figure, rather than the "per metro area" figure, which is pretty meaningless... |
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admin
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Joined: 14 Jul 2005
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| Posted: Mon Dec 03, 2007 2:24 pm GMT Post subject: |
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| JCK wrote: | Great; more brain-dead reporting. The Boston Metro is a top 10 market, of course it's going to be harder hit in absolute dollars than, say, Harrisburg PA. NYC is number one; does that mean NYC is going to be hit harder than anywhere else? Somehow, I doubt it.
I'd like to see a per capita figure, rather than the "per metro area" figure, which is pretty meaningless... |
I had the same thought, although it isn't clear from the article that they didn't take size into account. The other thing that I wonder is how much of that $3B is just the removal of excess that shouldn't have been there in the first place as opposed to a decline from a sustainable level? I expect that the loss is relative to the boom years, which had some unsustainable inputs.
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JCK
Joined: 15 Feb 2007
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| Posted: Mon Dec 03, 2007 9:26 pm GMT Post subject: |
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If they did take population into account, that's almost worse, because there's no direct indication of them doing so.
I was wondering the same thing re the $3B number; is it $3B off a "normal" growth-rate baseline, or it is $3B less than would be if the bubble were still inflating?
Again it's big, scary-sounding numbers, but for the life of me, I can't tell you what the numbers mean. |
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admin
Site Admin
Joined: 14 Jul 2005
Posts: 1826
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| Posted: Thu Dec 06, 2007 11:07 pm GMT Post subject: |
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| JCK wrote: |
Again it's big, scary-sounding numbers, but for the life of me, I can't tell you what the numbers mean. |
At least you recognize that you don't know. That puts you way ahead of most people.
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